Bringing you live news and features since 2006 

BlackRock announces share splits for eleven iShares ETFs

RELATED TOPICS​

The Board of Trustees of iShares Trust has authorised share splits for eleven iShares ETFs as of the close of business on 19 July, 2016, payable after the close of trading on 22 July, 2016.

iShares Core S&P Total US Stock Market ETF, iShares Core US Growth ETF, iShares Core Total USD Bond Market ETF and iShares Core 1-5 Year USD Bond ETF, will all split on 2 for 1 basis, while the split ratio for the iShares Core US Value ETF will be 2 for 1.

In addition, the iBonds Mar 2018 Term Corporate ex-Financials ETF, iBonds Mar 2020 Term Corporate ex-Financials ETF, iBonds Mar 2023 Term Corporate ex-Financials ETF, iBonds Mar 2018 Term Corporate ETF, iBonds Mar 2020 Term Corporate ETF, and the iBonds Mar 2023 Term Corporate ETF, will all split on a 4 for 1 basis.

The share splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.

iShares Core ETFs were launched in October 2012 as a branded suite of ETFs for buy-and-hold investors looking for a simple, low cost way to invest over the long-term in stocks and bonds. Since launch, buy-and-hold investors ranging from global institutions to US retail advisors have embraced iShares Core and its value proposition, as the suite has reached $203 billion1 in assets under management.

iBonds ETFs are investment grade bond funds that make it easier to build diversified, laddered bond portfolios. Each iBonds ETF holds a portfolio of investment grade bonds that mature within a specified range of dates and trades on an exchange. iBonds ETFs can be used to build laddered bond portfolios, which can help diversify a portfolio’s exposure to bonds with different maturities.

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by